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India’s Black Money Law Causes Concern

Earlier this week, the Times of India reported that while Indian authorities have been progressive in providing a window for Indian citizens to declare their previously hidden income (Black Money Law), money laundering continues to be a concern.

The article raises tax experts’ concerns that there isn’t enough clarity around the possible use of the anti-money laundering law and not enough time to properly implement it. These concerns may be unsurprising considering that many countries still see money laundering as a significant threat to their economies.